It is possible state treasurer Dale
Folwell is here to answer your
questions about unclaimed cash.
We're talking everything from that
unclaimed cash to your pension.
You can text your questions
to us at 336-379-5775.
State treasurer Folwell.
As always, thank you for joining us.
The first question everybody likes
to talk about is the unclaimed cash.
Why is this such a big deal in our state?
Well, the reason it's a big deal
is is an opportunity for me to
be a part of people's money.
Back to them that has been
sitting at the Treasures Office
and many instances for years.
NC Cash is not a gimmick.
There's nearly $1 billion sitting
at the inch C cash department
of the Treasures Office.
And people often question how it got there.
It's a paycheck that never got delivered
to you or you never cashed it or rent.
Deposit a life insurance policy
that you had forgotten about,
or maybe even a stock dividend.
So we just broke all records.
Chad payout over $73 million out
of NC cash to over 100 and 25,000
people in the last 12 months.
I think a lot of people would would think.
Well if
you know if you've got all
this money sitting around,
you know whose money it is.
Why don't you just reach out to
them and tell them about it,
but I can't imagine it's that easy.
It's not that easy.
One reason is we have 17 million
records and eleven million citizens.
So you can imagine how difficult it
would be to match the match that up.
Secondly, obviously if a check was
mailed to you that you never catch,
it could be that you moved.
So people go to nccash.com,
look up their name, maiden name, kids,
parents, church, nonprofit, business name.
There's no charge.
Look up their name and no
charge to get what's owed them.
And it's another.
Valuable reason for what two wants to know.
I'm glad that you brought
up the website too because you know
Tanya has talked about in the past
how there are fake websites out there
trying to mimic the state's website,
so you'll put in all your
information and then, well,
you know what happens after that.
So one more time if you could
just give us that website.
The website isinccash.com
and there's never a charge.
Look up your name and
never charged to claim.
Got it. Do you have any
recent success stories that
you can share with us?
I imagine a lot of people may be
surprised by the amount of money that
they find out that the state has.
The biggest one is I've been the
state treasurer for four and a
half years at $600,000 to win to a
beneficiary of a life insurance policy.
She didn't know that she was the beneficiary.
But speech one recently was $100 that
was given to a lady 43 years ago in
Paramount Studios stock and on the
stock certificate it said because I
think you'll be a star one day that
was given to her by her godparents.
That $100 Paramount Studio stock
got bought out by Coca Cola.
It's split eight for one,
that $100 became $29,000,
so it's not just cash but also
securities and tangible items.
That
is incredible. And I'm sure
as the state treasurer,
you enjoy giving people this this
payday they weren't expecting.
Well, we're in the check delivery
business and what that means is
not only do we deliver pension
checks to those that that all
protected or otherwise serve,
healthcare and pharmaceutical checks
for active and retired state employees,
but also in Z cash.
That is, that is so cool,
and so I've looked up my name multiple times,
hoping that maybe there would be
something there and unfortunately
there hasn't been something there.
Well, so you named about the top
three things that you would see,
or a reason why the state
would have your money.
Are there any unusual reasons
the state might have your money?
Well, the most unusual items we have are
things that are come to us through lockboxes,
the bankers who watch your show know
that anytime that a lock box in the
bank is abandoned after all attempts
to find out who the rightful owner of
those asked those possessions are.
Eventually, that all that has to
get sent to the Treasures Office.
So as you can imagine,
we have some baby teeth,
some silver teeth, gold teeth,
false teeth, all kinds of things
that people even lock boxes.
Would be far more reverent for a
moment we were able to return some
War Two medals recently to a family.
Been looking forward for 14 years,
a Purple Heart to a gentleman who had
been looking for that for a long time.
And a pocket watch that is inscribed
with the name Woodrow Wilson inside.
So it's normally cash and securities.
But also there's some tangible items there.
If you have a loved one who is lost.
Possession or thoughts about their
lock box check in seecash.com Boy
that is incredible to finally
get ahold of something like that after
you know it's been yours for so long,
you just didn't realize that
you know so state treasurer,
someone had sent us a text message
saying that their mom is deceased
and they want to know what they
need to do to claim the money. Uh,
what they can do to claim the money is
good nccash.com, and it's very important.
Every dollar matters at the Treasures Office,
every penny and every paper clip.
But obviously if a person has been
deceased for long period of time
and there's $36 sitting there,
it's not financially worth
it to reopen in the state.
But just imagine if there's $100,000 worth
of life insurance proceeds sitting there,
even if the parents have been
deceased for long period of time.
Obviously that would be worth.
Putting a bow on up and just another
valuable reason to go to nccash.com and
it's just fun to look up your name and your
last name is Falwell were from Archdale,
Alan J. Area.
There's not many of them in the state entry.
You can just punch in all kinds of
things because it's all public record.
But be sure to punch in your church
non profit in your business name.
Also, yeah, so this question
is kind of along those lines to this person,
said my dad has passed but his name
is on there but with a very old.
Address how would my mom claim?
Uh, we can sort of guide you on
that is there could be an old
tax return, an old utility bill.
I'm sure this person's
parents are as old as I am,
maybe even younger than I am.
We keep things up and you would be
able to have some evidence so that
they lived at that old address,
even though they might live in a new address.
State Treasurer Dale Folwell was
one segment down one to go.
Thank you again for your time,
Sir, and we will be right back.